USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Short Interest Down 96.5% in May

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 939 shares, a drop of 96.5% from the May 14th total of 27,189 shares. Based on an average trading volume of 22,310 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On USCF Daily Target 2X Copper Index ETF

A hedge fund recently bought a new stake in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp purchased a new stake in shares of USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned approximately 3.03% of USCF Daily Target 2X Copper Index ETF at the end of the most recent quarter.

USCF Daily Target 2X Copper Index ETF Price Performance

CPXR traded up $0.05 during trading hours on Tuesday, reaching $30.65. 14,241 shares of the stock traded hands, compared to its average volume of 93,006. The firm’s fifty day simple moving average is $29.20 and its two-hundred day simple moving average is $27.31. USCF Daily Target 2X Copper Index ETF has a fifty-two week low of $16.90 and a fifty-two week high of $34.91.

About USCF Daily Target 2X Copper Index ETF

The USCF Daily Target 2X Copper Index ETF (CPXR) is an exchange-traded fund that mostly invests in copper commodities. The fund is an actively managed fund that seeks 200% of the daily price performance of a copper futures index. The fund invests via a subsidiary that holds the contracts. CPXR was launched on Jan 21, 2025 and is issued by Marygold.